Small Ticket Finance is a product for Equipment between $1000 to $55,000, In most cases if the applicant has been in business for a minimum of 2 years and is a property buyer/owner, we will not require any Tax returns or financials.
It is a pretty handy product to have especially if you have a client who fits in with the following scenarios
An Office looking at upgrading or purchasing Printers, Computers or Photocopiers
A Business looking at purchasing a forklift or packaging equipment for their warehouse operations
A Beauty Salon looking at purchasing a Sun bed or a laser hair removal machine
Small Ticket Finance (No Financials – Credit Criteria)
Boom Lifts / Scissor Lifts, Compressors, Computer Hardware, Earthmoving Equipment, Forklifts, Office Equipment (photocopiers & Printers) Industrial P & E (lathes, Presses etc), Medical Equipment (including beauty & health Ie: Sun beds, laser hair removal machines etc)
Supplier to be accepted as a registered supplier with lender (i.e.) well known supplier (no private sales or Sale Buybacks)
Established in business minimum of 2 years
Applicant/Director/Partner must be a property purchaser /owner, evidence to be provided.
Clear credit, minor defaults may be considered, but with full financials